Apartment Vacancy Rates and Rents

Private Apartments Units

North Perth

Year	Bachelor	1 Bedroom	2 Bedrooms	3 Bedrooms	Total
2015	24	102	212	44	382
2016	24	102	212	45	389
2017	24	104	236	45	409
Increase '15 to '17	0	2	24	1	27

Stratford

Year	Bachelor	1 Bedroom	2 Bedrooms	3 Bedrooms	Total
2015	34	776	1023	144	1977
2016	38	784	1037	145	2004
2017	33	783	1031	145	1992
Increase '15 to '17	-1	7	8	1	15

 

Vacancy Rates

North Perth

Year	Bachelor	1 Bedroom	2 Bedrooms	3 Bedrooms	Total
2015	4 (16.7%)	16 (15.3%)	11 (5.0%)	6 (12.7%)	36 (9.4%)
2016	1 (4.2%)	14 (13.9%)	10 (4.7%)	1 (2.3%)	27 (6.9%)

Stratford

Year	Bachelor	1 Bedroom	2 Bedrooms	3 Bedrooms	Total
2015	0	12 (1.6%)	38 (3.7%)	6 (4.5%)	57 (2.9%)
2016	0	20 (2.5%)	46 (4.4%)	1 (0.7%)	66 (3.3%)
2017		13 (1.7%)	18 (1.7%)	5 (3.6%)	36 (1.8%)

 

Private Apartments Average Rent

North Perth

Year	Bachelor	1 Bedroom	2 Bedrooms	3 Bedrooms	Average
2015	559	661	745	842	722
2016	630	674	752	842	733
Difference	71	13	7	0	11

Stratford

Year	Bachelor	1 Bedroom	2 Bedrooms	3 Bedrooms	Average
2015	571	708	855	996	803
2016	585	728	873	1010	822
2017	594	749	905	1069	847
Difference	23	41	50	73	44

 

Data Source

Canada Mortgage and Housing Corporation, Housing Market Information Portal (2017).

Measurement and Limitations

Shelter costs for rented dwellings - Includes all shelter expenses paid by households that rent their dwellings, such as the monthly rent and the costs of electricity, heat and municipal services.

Data for North Perth suppressed in 2017. 

CMHC does not provide this data for Huron County and the rest of Perth County.

Patterns and Trends 

Vacancy rates in Stratford are very low, especially for small apartments. In North Perth it is the other way around: vacancy rates are highest for smaller apartments.